Pakistan Rupee Pressured by Rising Trade Balance: Deutsche Bank
- Nation’s current account easing from record high in January
- But fuel import costs could continue to rise amid oil surge
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Pakistan’s currency could be weakened as the surge in energy and commodities prices deepens the nation’s current account deficit, according to Deutsche Bank AG’s country head, referring to the broadest measure of trade.
“That’s a key concern for the economy and for the business community,” the bank’s chief country officer, Syed Kamran Zaidi, said in an interview. “That is obviously something which the banks are also cautious about.”